BrokersView has reviewed that Damkonet is an unregulated broker The Damkonet website is currently inaccessible. The so-called registration number 108746 issued by the Marshall Islands Registry (IRI) has been revoked. All these signs indicate that Damkonet faces significant risks. Investors should monitor developments and remain vigilant.

Is Damkonet a legit dealer? Damkonet is an unlicensed broker who claims to be an authorized forex broker under regulation of Marshall Islands Banking Commission (IRI). Regarding to IRI, we'd like to remind traders that IRI does not issue forex licenses or regulate forex activites. For more details of this broker, you can check our full Damkonet review.We keep on reminding traders to be wary of offshore brokers in IRI as they don't provide any funds protection as well as withdrawals guagrantee. That means investors' funds in the broker is unsafe and cannot be protected by any laws. We would recommend traders stay away from unregulated brokers like Damkonet and trade with licensed brokers. If you are looking for brokers to trade with, we would recommend brokers regulated by top-tier regulators like UK FCA, CySEC, ASIC, etc. View Source